Topic: Kyc is hardly used offline, why not online? (Read 589 times)

I have actually kept wondering, without a national ID system how do Americans present themselves in court, how do they provide signed statements, how does police identify people etc.

In my country ID is mandatory to have on you at all times. If you don't have an IF you can't even legally own property or pay taxes. You can't get inheritence, you can't even have a bank account or own a business legally. So KYC is used everywhere in most of the world IRL actually.

Not like I'm a fan of kyc but without the implementation of anti money laundering scheme, the crimes thag will be happening around us will be very unlimited but if you look at it from different angles, you will see the importance of KYC. However, it's beat Bitcoin relevance, why will I want to buy Bitcoin to use for privacy when everything I literally do are recorded and share with other people, there is no any privacy left doing such when I can use fiat directly.

As for the kyc, i don't think any government will withdraw it, it has been around for years in the traditional finance, I'm not sure if they are going to do that now. The government want you to be recorded before you use one or two things they control. If you don't want to be control, then avoid everything that has to do with kyc but just know that life can't be without it because I don't know how you are going to.register for your health service.

Hard copies of ID documents are taken for purchase of physical goods like land purchase, sale of property, house rent, shop rent, bank account opening etc.  Till now it is common to check them manually offline because not all countries are fully technologically strong and many countries are very afraid of cyber attacks, database hacking and imputation of false information.  Due to this, it is not yet possible to make everything completely online based.  But trying to make everything online based gradually.  And within the next ten years almost everything is expected to be online

If we do not use the provision of our documents offline when buying something, it does not mean that we do not use it at all. For example, when buying a car in my country, it is always necessary to provide KYC, but even other little things that we do not pay attention to, such as the use of our data in apartment rental services, at some point can be very dangerous for the disclosure of our data. All the documents that we provide for various purposes are stored on the computers of organizations, and this data is sometimes hacked and ends up on hacker sites. Further use of the sold documents, as usual, is intended for fraudulent activities.

It's not hard to fake KYC these days, the ones who need to avoid KYC can always use fake details to confirm the KYC. The exchanges want KYC only to clear themselves from all regulatory authorities strict actions. The fraud won't be stopped by KYC or any such measures especially in such times when AI is getting better each day.

You weren't asked for verification or any document before buying or selling in the physical world because you are probably known by the person you are buying from, and there is at least some level of trust. Otherwise, I don't think I would be having a trade with anyone that I don't know or trust in the real-world because I can get in trouble if something goes wrong. Online platforms like exchanges, wallets, and casinos ask for KYC for the same reason. How would they know if you are not a criminal in disguise if they don't ask you to verify your identity?


And how is a platform supposed to know without confirming? I'm not in favour of KYC, but I know why they ask for it and how important it can be.


People from remote areas who don't want any contact with the modern world or platforms should use platforms that don't require them to do so:

https://kycnot.me/

Well it's somewhat strange I must say to present one's ID inorder to make purchases of something and if that should occur I think there have been a hack in the system that will necessarily need one to undergo such process inorder to buy anything online. And moreso like you said  violation of rights to privacy can also warrant that necessity for requiring numbers and ID but we should be on the safer side.

In that time KYC is must if you you want to sell or buy anything online. There are Banks which need proper KYC and and that is good for customer safety and through which we can avoid every scam activities. Through KYC banks knows is that person is real or not and they want to check the customer by different ways and that is best method for the user. In the World of cryptocurrency, that is also used when we install any exchange and we have to do KYC on that andby which exchange have data that person is in interested with cryptocurrency and he will buy or sell the coins/tokens on that platform. If we want to sell or buy any token we have to make profile on exchanges and we have to make account in the e back because through which we can convert the tokens/coins into dollars and other local currencies.

Well this is all about the World Trade Center attack. All nations point to that and use it as the reason to check ids

As time goes on there will be more and more id checks in person.

With police stopping you and asking for ids.
Stores not allowing you to make a purchase without ids.


Like it or not it is the future of the world to come.


(only the warp drive and unlimited space travel can prevent this)

if we stay here on earth as it gets more and more crowded it will be identity checks all over the place.

Yeah actually I have not witnessed it myself about having to present an ID card before purchasing a physical product but however I hard about such from friends who traveled out, he said that there are products that has some kind of age limitations, so what they normally do is to check an ID card of the buyer to no if the person is an under age or not, so actually this explains that there are places your ID card is required to get some certain things you want, though I don't no if this could be called an offline kyc since it involves ID card but the contradiction there is that is only applied to a particular age and not for everyone while the online involves everybody.

I would agree KYC of some kind is common in many places not just online.  Alot of the data they ask for online is unessecery especially if no money is involved so I wouldnt provide personal details unless its vital, most often they use it for sales contact of some kind not security.

The reason KYC came to crypto so fast is it got big, which means globally it enters the realm of possible fraud, laundering corrupt money of various kinds and possibly ever international affairs likes wars and terrorism.
  They wouldnt let BTC avoid kyc for that reason, crypto already had the problem of being on the radar for gambling and to me thats mostly about taxation which counts alot to governments for revenue.

The whole reason why KYC was started at all of these places us to stop fraud that would happen if there was no KYC.

At the same time, presenting KYC on online platforms like exchanges hardly stops fraud at all, that's why everyone's so against it.

Certain industries offer more control over others. Banking offers the most control over others because it is the most demanded service, as banking service is demanded as part of nearly all other services. You don't interact with a mechanic when you need a barber, but you interact with a banker when you need either a mechanic or a barber. So, by controlling banking you can get the most control over other people more so than any other industry. Every king and politician will always want control over your banking as a way to control you. Without a layer of identification, this control doesn't work nearly as well. There is no doubt a totalitarian regime will always require identification for any transaction at all as a means of maximum control over the population.

There are a few gateway rights every fascist, communist, or other totalitarian regime will require. One would be restrictions on firearms or other armaments, as you can't have the people you own with weapons that are potentially going to be used against you. Perhaps the most gateway of all gateway rights is privacy, because without privacy you can track every single person's every action at all times, and of course that makes control over others vastly more simple in many ways, from controlling their armaments to controlling their travel. For example, you can't have for example a surf in your fiefdom learning too much about South Korea if you live in North Korea, so you'd want to seal off the border.

Notice that gateway rights are needed by both the left and the right. Any far-right or far-left group will want to take away your privacy rights. The left will need to control your economic expressions, while the right will need to control your social expressions, and privacy in service such as banking is the most clear hurdle of such a person to deny people their human rights to trade or travel freely.

It's a bit of a false comparison really, because there are plenty of places online where you don't have to supply any form of ID, even more so with bitcoin. It depends what you define as identity information as well, because if you're paying with a credit card you'll often be required to enter the registered address as a form of check that you are the card holder. There are also offline situations, like buying alcohol or cigarettes (age verification) and big purchases like buying an expensive car where you may be expected to provide identity documents. There is no black and white rule, but you're free to avoid a retailer if you don't agree with their policies - sometimes they're required to do these things by law.

In my country, presenting a passport (KYC) is mandatory when buying train and plane tickets, when buying SIM cards, when registering at offline casinos, when buying/selling foreign currency. Cigarettes and alcohol cannot be sold to people who look very young without first presenting a passport. So in my country, KYC exists offline as well.

At the same time, I do not approve of KYC online. The virtual space is a place where you want to see respect for people's anonymity and privacy.

And cryptocurrencies were originally created for modest people who do not seek to violate their anonymity and privacy.

We are on the stage now that Bitcoin itself is too big and too hard to ignore let alone the entire crypto market. That's why the government have to do its share for everyone who's in it. So being asked for KYC and having those verification and IDs and everything, even if these actual crypto exchanges don't want to implement for which many of them started like that but because of government mandates, then they have to pass on the burden into us for being asked to comply with the requirements that they are setting.

So how do you feel if it work or not? I think it should be about buying more things not about not having everything. But this thing happens in countries where most of the people are developed and they do something for their country due to which they get such facility. I understand that KYC must be done online because there was a project called Pi that required KYC. If they did not follow it there were no tokens in it. Most of these things should have Kyc. KYC should be in big stores because in such a situation they could  work hard with pleasure and without fear. They have a device for everything due to which they do all these things by keeping an eye on everything.

That's right, the exposure to online usage cannot be overemphasized but then people ought to grab the opportunity cause in the world today everything is basically runned online and definitely bringing such opportunities to remote villages would be of great impact to them thereby paving way for easy access and the use of KYC is needed to keep up one's privacy intact.

If only the governments and the security agencies have the right to monitor or regulate the physical trades based on each transactions between the physical traders and their clients/customers in reference to figure illegal or victims who had committed monetary offences and being famed wanted by the authorities, I think that'd be the only term of providing IDs before transacting with the physical traders would be relevant.

The essence of KYCs is for the regulatory agencies to have details of potential means by which people can perform their illegal activities.
So the presentation of the KYCs plays a role of exposing every customers of a platform to the regulatory board which is practically exercised online While your present at the physical shops or transactions serves as your KYC. This is an alternate reason why the use of CCTV is essentially with the physical exchange of goods and services. The caption of your image is a reference of Incase you're wanted for examination.

It depends on what you are purchasing and how much it costs, there are quite a lot of things you do in real life that you have to show your ID, particularly if you are dealing with a lot of money. That being said, it is easier to trace/track things back to someone in real life, unlike when it is online and people can be anonymous or pseudonymous to deceive others, so online services have to require KYC to know who they are dealing with and if they should be doing so.